Sniper shelter It was at that time that the European monetary system was unstable. In order to achieve the stability of the system at that time, Britain linked the exchange rate to the Deutsche Mark, which fluctuated with the rise and fall of the value of the Deutsche Mark. But in fact, the domestic economic depression in Britain is not enough to support a stable financial system, with low bond interest rates and low bank interest rates. Soros saw that Britain's economic foundation was weak and barely pegged to the mark, which actually did not conform to the economic laws. So I decided to attack the pound.

First of all, I hoarded pounds. Of course, I took out all the funds of Quantum Fund and even raised billions of dollars to complete this gamble. Then sell all the pounds and change them into German marks. Due to the sell-off, the pound once plummeted. The major banks in Britain sell the corresponding currencies, mainly German marks, while accepting pounds. As the pound fell, the mark soared. At this time, Britain's foreign exchange reserves were already tight, and Germany turned to Germany for help, but Germany refused. Germany did not intervene in the exchange rate, which led to a sharp rise in the mark, and then Britain raised interest rates to absorb the money in the market. At this time, Soros also sold the German mark, and made a big profit of more than one billion pounds in the rising profit space of Mark. At the same time, it also benefited from the interest income brought by the rise in the interest rate of the pound.

Attack the Thai baht. It was Soros who saw that the economic development of Southeast Asian countries was unstable and full of bubbles, so he had the opportunity. Mainly due to the economic development of Southeast Asia at that time, many people relied on the injection of foreign capital to speculate on the stock market and the property market with hot money. Once foreign capital is withdrawn, there will be a financial crisis. As a result, Soros staged a big drama and Southeast Asian countries suffered.

Soros first hoarded a large amount of Thai baht and then injected funds into the stock market. And buy a lot of real estate, and then pull up the property market and the stock market. Throw stocks, real estate, Thai baht. Only Thais took over, and many people were trapped in the stock market and property market. Soros sold the Thai baht, which made huge profits in the stock market and the property market. In addition, the accumulated Thai baht made Thailand unable to resist the use of foreign exchange reserves, which eventually exhausted Thailand's foreign exchange reserves and borrowed heavily, making the Thai baht completely inflationary. In this way, Thailand's stock market and property market have been hit, and Thailand's foreign exchange reserves have also earned. Dollars and pounds have made considerable profits. In fact, the foreign exchange reserves of small Southeast Asian countries such as Thailand are not enough to resist Soros's attack. Among the small countries in Southeast Asia, only Singapore can do it, and other countries can't. Soros just saw the lack of financial strength of these countries and directed this scene.

Miss hong kong dollar. In Hong Kong, Soros directly attacked the stock market and the exchange rate of the Hong Kong dollar. Because the Hong Kong dollar was pegged to the US dollar at 1:8. That is, the US dollar reserve of the Hong Kong Government is US$ 65,438 +0, so it will issue HK$ 8 to the market. Soros thinks that the Hong Kong government's dollar reserves are limited, so he tries again. Buy Hong Kong dollars and Hong Kong stocks in large quantities, and then sell them in large quantities. On the first day, I sold HK$ 20 billion with the British and American investment banks, and then I sold my shares. It sold 40 billion Hong Kong dollars the next day. On the third day, it will be about 80 billion or 60 billion Hong Kong dollars. I don't remember.

Two days ago, the Hong Kong government absorbed the sold Hong Kong dollars with the US dollar reserve, that is, Soros sold Hong Kong dollars, the Hong Kong government bought back the Hong Kong dollars he sold with US dollars, and Soros got US dollars. If the Hong Kong government had no dollars to sell, it would collapse, but with the support of the mainland, on the third day, the Hong Kong government continued to sell dollars and buy back Hong Kong dollars. Although Soros's selling caused the Hong Kong stocks to plummet, the Hong Kong government bought the plummeted Hong Kong stocks with the repurchased Hong Kong dollars. In this way, the funds returned and entered the market. With the support of funds, the stock market did not collapse, but pulled back to the opening point, ensuring the stability of the stock market. Later, the overnight interest rate was raised, which made Soros's financial institutions in Hong Kong increase the investment cost, making it difficult for working capital to attack the stock market, and finally gave up withdrawing from the Hong Kong market. The Hong Kong government won. It is said that later, the Hong Kong government gave bonuses to every citizen, and everyone paid 600 or 800 yuan with their ID cards to the government to queue up for money.

It's not easy, so many words are typed by hand. Ask again if you have questions.